Cash And Cash Equivalents

RECENT NEWS
FierceBiotech  Mar 30  Comment 
Money is getting tight at KemPharm, with its liquid cash reserves—currently around $48.5 million—not expected to last through the first quarter of 2019.
Wall Street Journal  Feb 13  Comment 
The past decade has seen a flood of capital into hard-to-see, less liquid assets, transforming the scale and scope of the private-equity firms managing this money.
WA Business News  Feb 2  Comment 
ASX-listed 1-Page, which has cash reserves of $25 million, is set to acquire a German medicinal cannabis company in a cash-and-scrip deal.
The Economic Times  Jan 22  Comment 
The company will use a mix of debt, cash reserves and proceeds from a planned sale of stakes in Indian Oil and GAIL to fund its acquisition.
The Economic Times  Jan 21  Comment 
​ONGC needs to pay Rs ​36,915 crore for the government’s 51.11% stake in HPCL by January-end. The deal would make state-run ONGC the third largest refiner in India.
The Economic Times  Jan 21  Comment 
"There is an option of internal accruals... of short-term borrowing and liquid assets... We will exercise the most beneficial option available with us."
Wall Street Journal  Dec 21  Comment 
The ride-sharing platform has a valuation of more than $50 billion, making it one of Asia’s largest startups, and now has $12 billion in cash reserves.
MarketWatch  Dec 20  Comment 
BlackBerry CEO John Chen said the company is looking to use at least $500 million of its $2.5 billion in cash reserves toward mergers and acquisitions.
The Economic Times  Nov 21  Comment 
Ebix said it expects the transaction to add to its earnings immediately, and has funded the deal using its cash reserves.




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Cash and cash equivalents are assets in actual cash or quickly convertible to cash

Cash and cash equivalents are the most liquid current assets found on a company's balance sheet. They are assets that are easily and quickly converted into cash or are, in fact, cash. It should be noted that while functionally "cash equivalents" are eponymously equivalent to cash, this is not literally true; the Financial Accounting Standards Board (FASB) defines "cash equivalents" as highly liquid securities with maturity of 3 months or less. As such, a three-month treasury bill would be considered a cash equivalent.

A company's ability to generate cash a keep cash and cash equivalents is a primary indicator of its health. Companies with disproportionately high net assets relative to its cash and cash equivalents is generally an indication of non-liquidity.

For individual investors and companies, cash and cash equivalents are generally considered to be a safe investment with low risk and low returns. That is to say, maintaining significant assets in cash and cash equivalents (rather than investing them in securities or back into the company) is a low-risk investment strategy.

Examples

Examples of cash and cash equivalents are:

  • Cash in a bank account
  • Physical cash on hand
  • Certain Treasury Bills
  • money market instrument

Cash and Cash Equivalents data on Wikinvest

Wikinvest calculates Cash and Cash Equivalents by including cash at hand, restricted cash and gold bullions (except in the case of gold producing companies). Short-term investments such as commercial paper, T-bills or time deposits are included under the metric short-term investments.

The result may be different from other finance web portals (such as Yahoo! Finance) due to a different treatment of short-term investments. Cash For Gold Belfast

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